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Posts Tagged ‘The Silk Road’

Law enforcement located Silk Road by finding and accessing a server that wasn’t supposed to be public. When others do this the government calls it a felony.

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By Jonathan Stempel NEW YORK (Reuters) – The man accused of creating Silk Road, which U.S. authorities said was an online drug marketplace, lost his bid on Wednesday to dismiss a federal indictment accusing him of conspiring to deal illegal narcotics and launder money. Ross Ulbricht, who prosecutors said was known online as “Dread Pirate […]

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Last fall, the government shut down the Silk Road, an online drug market. In the process of taking down the Silk Road, federal agents seized 29,656 Bitcoins. The U.S. Marshals Service put up the Bitcoins for a twelve-hour auction on June 27.

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